Word: koreas
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Dates: during 1980-1989
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...many Japanese yen will it take to buy a U.S. dollar? What kind of insurance is going to be sold in South Korea? How many trees will be felled in Canadian forests, and how many pairs of shoes shipped out of Italy or Brazil...
...companies match the generous credit terms that exporters in foreign country A, with assistance from their government, might offer to buyers in foreign country B. Reagan also promised to "work unceasingly" to tear down such trade barriers as laws that restrict the sale of U.S. insurance in South Korea and high-tech products in Brazil. He cited world trade treaties that permit highly selective limits on the sale in the U.S. of products from those countries...
...Senate, sponsors rewrote a companion bill to snare as many votes as possible. The new Senate version would curb imports of shoes in order to catch the votes of Senators outside Southern textile states, while the textile provisions would be softened to fall most heavily on three nations (Taiwan, Korea, Hong Kong), perhaps soothing Senators reluctant to antagonize all of Asia...
...slap a 25% penalty tariff on anything imported from countries whose sales to the U.S. exceed by 65% or more their purchases from the U.S., unless they start reducing that trade imbalance immediately. In its present form, the bill would raise prices on everything Americans buy from Japan, Taiwan, Korea and Brazil. Two bills introduced by Republican Senator John Danforth of Missouri, who still considers himself a proponent of free trade, would direct Reagan to close American markets to Japanese products exactly as much as Japan closes its markets to American goods and would impose penalties on goods from countries...
...Korean War veteran complained, "I had no way of knowing that when I put my life on the line back then, I would be fighting for a country that was going to put me out of a job." He was referring to heavy textile imports from South Korea...